Eurusd is currently still doing as forecasted we have our low as expected and pointed out from my last posts weeks ago and we are currently looking for that higher high rejection which will give us another divergent on the indicators.
So as I pointed out then we cannot expect a change in direction without rejection there isn’t rejection here also this structure is a breakout pattern this is why we see the zigzag movement of price,
Now you can go back and read my grandpa post on this pair and it been doing everything as forecasted for the doubters with lack of market insight. Cuz I’d said then that the monthly structure was a bull flag and to expect a breakout and we had that for weeks. Now with any success breakout we want a retrace and this is what price is doing as it range fir weeks this action makes a new poc. Then we’ll see price retrace as the breakout exhaust the market.
So what to expect
We ll see a another attempt at the high and a deeper pullback into its breakout range only to get rejected and then price will use this new range area we been in as resistant turn support as Eu is in the transition in changing from a bears to bull market.
Remember market changes are subtle and the fine details are the backbone to price action. Loud moves are fake and gear to lure weak traders.
This is their game and it’s made for you to lose so what stands out like a sore thumb is usually just that a sore thumb !!
HOW TO TRADE LIKE THEM-
So as I pointed out then we cannot expect a change in direction without rejection there isn’t rejection here also this structure is a breakout pattern this is why we see the zigzag movement of price,
Now you can go back and read my grandpa post on this pair and it been doing everything as forecasted for the doubters with lack of market insight. Cuz I’d said then that the monthly structure was a bull flag and to expect a breakout and we had that for weeks. Now with any success breakout we want a retrace and this is what price is doing as it range fir weeks this action makes a new poc. Then we’ll see price retrace as the breakout exhaust the market.
So what to expect
We ll see a another attempt at the high and a deeper pullback into its breakout range only to get rejected and then price will use this new range area we been in as resistant turn support as Eu is in the transition in changing from a bears to bull market.
Remember market changes are subtle and the fine details are the backbone to price action. Loud moves are fake and gear to lure weak traders.
This is their game and it’s made for you to lose so what stands out like a sore thumb is usually just that a sore thumb !!
HOW TO TRADE LIKE THEM-